Philanthropic and commercial fund founded by Daniel Yu (founder of Wasoko), aiming to mobilise USD 100m. Thesis: raising worker incomes in targeted industries is the most effective path to poverty alleviation in Africa. Two tracks: export manufacturing (freeze-dried fruit, horticulture, seaweed) and international labour mobility (training and placing nurses, hospitality staff, baristas in Germany, Italy, the Gulf). Concessional start-up loans: first cheques of USD 10k–100k, scale-up capital of USD 100k–2m, repaid out of company revenue.
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Recent public deals: they say better than a thesis what the fund actually signs.
Activity : Financement de la migration de travail
Instrument : Concessional start-up loan
Finances labour migration for East African workers moving to high-income countries.
Why they invested
Source : africajobsfund.substack.com
Activity : Vocational training
Instrument : Concessional start-up loan
Trains baristas in Somalia for jobs in Gulf states.
Why they invested
Source : africajobsfund.substack.com
Activity : Food processing
Instrument : Concessional start-up loan
Building a freeze-dried fruit export business in Madagascar.
Why they invested
Source : africajobsfund.substack.com
Activity : Recruitment and staffing
Instrument : Concessional start-up loan
Prepares and matches hospitality workers with Italian employers through regulated channels.
Why they invested
Source : africajobsfund.substack.com
Activity : Vocational training
Instrument : Concessional start-up loan, repaid from placement revenue
Trains African nurses to German B2 level and places them with German healthcare employers; expanding to Malawi and Zambia.
Why they invested
Source : africajobsfund.substack.com
Africa Jobs Fund invests tickets ranging from 10 k$ to 2 M$, across the following sectors: Services, Education, Manufacturing, and Agribusiness, in the following areas: East Africa and Southern Africa. Check in 30 seconds whether your company fits these criteria.
